annual_repport_staatsolie_2016_lr
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Annual REPORT<br />
Confidence in Our Own Abilities<br />
34<br />
1 Consolidated Balance Sheet as at December 31, <strong>2016</strong><br />
(Before distribution of earnings)<br />
ASSETS (x Us$ 1,000) Notes <strong>2016</strong> 2015<br />
Current assets<br />
Cash and cash equivalents 3 39,166 54,064<br />
Short‐term investments 4 3,754 6,910<br />
Trade receivables 5 108,606 118,679<br />
Inventories 6 67,142 71,504<br />
Prepaid expenses and other current assets 7 68,387 52,277<br />
Loan receivable 11 8,368 1,796<br />
295,423 305,230<br />
Investments 8<br />
Participation in Joint Ventures 3,063 3,063<br />
Participation in Suriname Gold Project LLC 305,656 224,901<br />
308,719 227,964<br />
Intangible assets 9 13,881 17,494<br />
Deferred tax asset 10 16,062 10,119<br />
Loan receivable long term 11 14,677 -<br />
Property, plant and equipment 12<br />
Upstream 336,530 313,174<br />
Refining 999,152 1,023,451<br />
Marketing & trading 10,101 10,973<br />
Power plant 101,172 106,963<br />
Corporate & other 37,181 40,440<br />
1,484,136 1,495,001<br />
Projects in progress 132,140 205,166<br />
1,616,276 1,700,167<br />
Total assets 2,265,038 2,260,974<br />
See accompanying notes to consolidated financial statements<br />
Paramaribo, June 30, 2017<br />
The Board of Executive Directors:<br />
R. Elias Managing Director<br />
B. Dwarkasing Upstream Director<br />
A. Jagesar Downstream Deputy Director<br />
A. Moensi‐Sokowikromo Finance Director
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